Monday, March 12, 2007

Schering-Plough To Acquire Organon BioSciences

Schering-Plough Corp. (SGP) offered $14.5 billion to acquire the Organon BioSciences BV pharmaceuticals business of Akzo Nobel NV (AKZOY), a chemicals and coatings maker. Akzo Nobel stock leaped $10.02 to close at $70.83 while shares of Schering-Plough edged up 10 cents to close at $23.95.

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